Oil & Gas Wrap

Oil & Gas and similar industry related news

Predicting the energy future

Offshore oil platform

Survey: Oil and gas professionals see American self-sufficiency for natural gas, but not crude oil

America can bank on plentiful domestic natural gas but should expect a continued reliance on foreign oil, according to oil and gas decision-makers who participated in a new Deloitte survey.

American reserves ‘bigger than Saudi Arabia’

IEA graph showing the trajectory of US oil production.

IEA report: U.S. to be world’s top oil producer by 2020

Despite persistent misinformation from industry advocates that the Obama administration was working to curtail the production of oil in the United States in favor of green energy sources, it turns out that false notion widely circulated before the election is untrue.

The International Energy Agency (IEA) has released its World Energy Outlook, and, according to the IEA, the United States is on track to become the No. 1 oil producer in the world by 2020.